Scary times

[milly]

I am 100% in the Shariah fund (was going to transfer to HL SIPP but delayed that for a few months)

I have not looked at the fund but no doubt quite a bit down (but still well in profit) but not worried in the slightest - it is what it is and will not be retiring for years anyway.

The key is play the long game and not time the market

Correct. As Warren Buffett says "it's time in the market, not timing the market"

That's not always the case, it took the Nikkei 31 years to recover from the 1989 Japanese stockmarket bubble.

[BELIAL]

Forget the market as you know it. It is a busted flush. USA and the dollar are now exposed as bankrupt.

36 trillion dollars in debt, a GDP to debt ratio of 165%. Only goodwill and misplaced loyalty keeping them afloat.

A tsunami sinks all boats.

[milly]

Forget the market as you know it. It is a busted flush. USA and the dollar are now exposed as bankrupt.

36 trillion dollars in debt, a GDP to debt ratio of 165%. Only goodwill and misplaced loyalty keeping them afloat.

A tsunami sinks all boats.

I've been called a crackpot, tinfoil hat wearing conspiracy theorist Goldbug on these boards for pointing out that the financial system would implode at some point due to the unsustainability of all the debt that has been accrued.
All my detractors seem to have disappeared
I agree wholeheartedly with your assessment.

[heapsy]

I am 100% in the Shariah fund (was going to transfer to HL SIPP but delayed that for a few months)

I have not looked at the fund but no doubt quite a bit down (but still well in profit) but not worried in the slightest - it is what it is and will not be retiring for years anyway.

The key is play the long game and not time the market.

[sweepster70]

I have my AVC's in Shariah too, and am also not worried.
With no tariffs on certain tech, the markets will improve. Eventually deals have to be reached.
I have a quite a few years to retirement, so am easy with the situation now.

[heapsy]

I am 100% in the Shariah fund (was going to transfer to HL SIPP but delayed that for a few months)

I have not looked at the fund but no doubt quite a bit down (but still well in profit) but not worried in the slightest - it is what it is and will not be retiring for years anyway.

The key is play the long game and not time the market

Correct. As Warren Buffett says "it's time in the market, not timing the market"

That's not always the case, it took the Nikkei 31 years to recover from the 1989 Japanese stockmarket bubble.

That's "time in the market"

[milly]

I am 100% in the Shariah fund (was going to transfer to HL SIPP but delayed that for a few months)

I have not looked at the fund but no doubt quite a bit down (but still well in profit) but not worried in the slightest - it is what it is and will not be retiring for years anyway.

The key is play the long game and not time the market

Correct. As Warren Buffett says "it's time in the market, not timing the market"

That's not always the case, it took the Nikkei 31 years to recover from the 1989 Japanese stockmarket bubble.

That's "time in the market"

It depends on how old you are and how close to retirement when a downturn comes around.
The main driver of the stockmarkets in the last 17 years or so has been due to cheap credit and QE.
If they continue with that policy then the stockmarket could go up in nominal terms like the stockmarkets of Venezuela and Zimbabwe, but down in real terms, when measured against purchasing power.
Most people struggle with the difference between "real" and "nominal" .They think because number goes up that they are better off, when that's not always the case.

[heapsy]

You really are boring the pants off everyone on hear. We know all this, give it a rest. My point was perfectly correct. Time in the market IS correct. Obviously, as you get nearer to retirement, your strategy changes. Stop being a complete idiot.

[milly]

You really are boring the pants off everyone on hear. We know all this, give it a rest. My point was perfectly correct. Time in the market IS correct. Obviously, as you get nearer to retirement, your strategy changes. Stop being a complete idiot.

Past performance is not indicative of future results
What would you invest in when you get closer to retirement? Gilts? Cash?
I doubt very much that very many people move their AVC's to so-called "safer"investments before they retire.
There's also no guarantee that the Shariah Fund will recover, how ever long you wait, as American Tech companies fall behind their Asian counterparts.

[yellowbelly]

I am 100% in the Shariah fund (was going to transfer to HL SIPP but delayed that for a few months)

I have not looked at the fund but no doubt quite a bit down (but still well in profit) but not worried in the slightest - it is what it is and will not be retiring for years anyway.

The key is play the long game and not time the market

Correct. As Warren Buffett says "it's time in the market, not timing the market"

That's not always the case, it took the Nikkei 31 years to recover from the 1989 Japanese stockmarket bubble.

That's "time in the market"

You have to time the market at some point, or adjust your investments as time passes/you approach retirement as 'time in the market' for the Nikkei would have not been much good to you if you'd investments in it at the beginning of the 31 years then kicked the bucket in the middle of those 31 years.

[milly]

I do find it interesting that people want to blame Trump for the Shariah fund going down.
He trying to reshore work for the United States, but unfortunately that ship has long since sailed.
People in the West love their cheap consumer crap produced in the 3rd world in often terrible conditions,no workers rights or health and safety regulations and also children are used as cheap labour.
It's peculiar for such a left leaning site to want the exploitation of the 3rd world to continue.
But the good news is that the west will continue to decline and the emerging markets will become more prosperous as they have all the natural resources.

[Hyrrokkin]

You really are boring the pants off everyone on hear. We know all this, give it a rest. My point was perfectly correct. Time in the market IS correct. Obviously, as you get nearer to retirement, your strategy changes. Stop being a complete idiot.

Now now Milly is our resident financial/economics genius guru Nostradamus Mystic Meg all rolled into one

We must all bow before The Great One

[milly]

You really are boring the pants off everyone on hear. We know all this, give it a rest. My point was perfectly correct. Time in the market IS correct. Obviously, as you get nearer to retirement, your strategy changes. Stop being a complete idiot.

Now now Milly is our resident financial/economics genius guru Nostradamus Mystic Meg all rolled into one

We must all bow before The Great One

Thanks for the accolade, but it's really not rocket science, more of a mathematical problem.
There's too much debt in the financial system.
It must pain you that the money loved by crackpots, namely Gold, is holding its own during this chaos .

[Woody Guthrie]

I do find it interesting that people want to blame Trump for the Shariah fund going down.
He trying to reshore work for the United States, but unfortunately that ship has long since sailed.
People in the West love their cheap consumer crap produced in the 3rd world in often terrible conditions,no workers rights or health and safety regulations and also children are used as cheap labour.
It's peculiar for such a left leaning site to want the exploitation of the 3rd world to continue.
But the good news is that the west will continue to decline and the emerging markets will become more prosperous as they have all the natural resources.

It's not really about the increased consumer cost of reshoring that makes it a busted flush, it's the fact that if you build a steelworks or any manufacturing plant from scratch now the number of jobs you create is a fraction of what it was 20 years ago.

That's the lie behind Trump's rhetoric about bringing jobs back to the USA, nobody from Apple to Ford is going to invest in labour, they'll invest in the plant and the robots and AI that will run it but apart from a few tech guys, some maintenance engineers and a couple of cleaners there won't be any jobs in it once it's built.

[Hyrrokkin]

You really are boring the pants off everyone on hear. We know all this, give it a rest. My point was perfectly correct. Time in the market IS correct. Obviously, as you get nearer to retirement, your strategy changes. Stop being a complete idiot.

Now now Milly is our resident financial/economics genius guru Nostradamus Mystic Meg all rolled into one

We must all bow before The Great One

Thanks for the accolade, but it's really not rocket science, more of a mathematical problem.
There's too much debt in the financial system.
It must pain you that the money loved by crackpots, namely Gold, is holding its own during this chaos .

Hmmm no pain at all but thanks anyway

As for chaos - something else will come along to unsettle the markets - again and again and etc etc.

As always leave the last word to you Milly